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IBM IBM TRIRIGA Real Estate

IBM is making its first purchase of 2011 nowadays with acquisition of actual property management utility developer Tririga. economic phrases of the deal, which is expected to close in the 2nd quarter of 2011, had been now not disclosed.

Tririga’s software is used by way of greater than 200 purchasers, together with over one-third of Fortune 100 firms in addition to seven of the 15 federal govt departments of the U.S. government.Tririga should be integrated into IBM Tivoli application and IBM global business features.

In 2010, IBM spent roughly $6 billion to purchase 17 groups, so it is going to be wonderful to see what acquisition’s are up large Blue’s sleeve in 2011.

IBM is lifeless severe in pushing for its smarter constructing initiatives. these days, the premier IT and options company plans to buy out TRIRIGA, a familiar issuer of true property administration utility solutions housed in Las Vegas. IBM is staying devoted to its smarter constructing campaigns with TRIRIGA acquisition. This move will also push the corporation nearer its 2015 goal of incomes half its profits from utility. TRIRIGA’s classes have the skill manipulate constructions, strategize area utilization, monitoring utility expenses, lease administration, facility circumstance assessment and approximation of development price.

IBM power and environment executive, Florence Hudson discusses how the acquisition will boost smarter constructions application of the company. He said, “The mixture of TRIRIGA and IBM smarter building options will deliver the industry’s most finished capabilities that span the needs of all industries for managing amenities and true property portfolios. Having one view of constructing operations international could be a magnificent tool to assist agencies manage and optimize their 2nd-largest corporate price — property.”

Spanning from all corners of the world, IBM is existing in nearly each fertile land and having TRIRIGA programs at hand will support them in pursuing smarter buildings portfolio. Its world alliance and cloud adoption are two factors of the business’s robust presence all over. It has basically taken cloud computing to China and the Asia Pacific. IBM allotted around $38 million for this intercontinental expansion. Celebrating its centennial year, ny-based mostly consulting and technology huge has lengthy been worried in constructing green information facilities. They teamed up with financial institution of China in London to help them assemble ecological hubs. lately, IBM, together with Cable&instant created the united kingdom wise power Cloud to keenly display screen energy consumption of the nation.

With individuals and groups being more conscious about the magnitude of going green, IBM will undoubtedly has its technique to be one with environmentalists on the identical time producing earnings.

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In a stream it says will raise its plans to extend into what it calls the “smarter structures” market, IBM nowadays talked about it'll acquire Tririga, a Las Vegas-primarily based company that makes actual property management software. economic phrases aren't being disclosed.

bear in mind how IBM these days spoke of at its analyst assembly that initiatives involving its Smarter Planet initiative will power $10 billion in income via 2015? It additionally promised to spend $20 billion on utility acquisitions over the subsequent five years. here is some of the offers that huge Blue says will help get it there. IDC has pegged the global market for smart constructions at $3.9 billion this year.

Tririga makes a speciality of software that helps its consumers get probably the most out of their precise estate portfolio, run capital initiatives successfully and control power usage interior constructions. Its consumers include Nokia, standard electric powered, NASA and The U.S. branch of defense.

if you accept as true with that, for giant groups, true estate and amenities expenses are constantly the 2nd-optimum line item after salaries and merits and can account for 30 p.c of annual expenses, it makes experience to get into a business that aims to assist them preserve those costs beneath handle. IBM shares rose 22 cents to 157.90 on the news.

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No result found, try new keyword!Commercial real estate services firm Jones Lang Lasalle (JLL) has announced an agreement to acquire ValuD Consulting for an undisclosed amount. ValuD has developed a technology consulting business foc...

Delivers on JLL's mission to lead the industry through technology-based innovation

CHICAGO, Oct. 3, 2018 /PRNewswire/ -- JLL (JLL) today announced an agreement to acquire ValuD Consulting, a leading provider of IBM software integration and consulting services in the United States and India. The transaction significantly enhances JLL's ability to bring the next generation of technology to its clients through future-focused innovation and deepened expertise in IBM's TRIRIGA*, Maximo** and Watson Internet of Things (IoT) services.***

The acquisition supports JLL's commitment to lead the industry and its clients through digital transformation. It will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD's unique university partnerships—to JLL's specialized Technology Solutions team around the world. This enhanced expertise will provide clients with market-leading technology systems that enable faster, more informed real estate decisions and improved business performance.

"Adding this depth of specialist talent will give our clients access to the best technology expertise and products," said Traci Doane, President, JLL Technology Solutions. "Joining forces with ValuD gives us the exciting opportunity to expand our expertise in IBM digital solutions and more fully explore emerging technologies that include artificial intelligence, cognitive buildings and predictive analytics."

ValuD is a prestigious Gold Accredited IBM Business Partner for the TRIRIGA solution. It was founded in 2009 by Gopi Latpate, who has been involved in the IBM TRIRIGA platform and application since its inception. The company, which has been recognized on the Inc. 5000 list of the fastest growing privately held companies in the United States for the last four years, is owned by Latpate, who is Chief Executive and Technology Officer, and Scott Williamson, Chief Commercial Officer. Both Latpate and Williamson will assume leadership roles in the IBM Practice of JLL's Technology Solutions business.

"By joining JLL, we're bringing together two growth companies with a common culture," Latpate said. "We wanted to find the right partner who has the same drive and is serving the same client base—JLL was a perfect match. Combining our talent, tools and knowledge will drive value for our clients."

The ValuD acquisition, which is expected to close in November subject to customary closing conditions, is another step forward in JLL's ongoing digital transformation. In July, it announced the appointment of former Google executive Vinay Goel who joined as global Chief Digital Product Officer. Previously, JLL launched JLL Spark, a global division dedicated to identifying and delivering new technology-driven real estate service offerings. Recently, JLL Spark announced the creation of its $100 million Global Venture Fund for investment in companies innovating in proptech.

JLL's Technology Solutions offers clients end-to-end technology solutions to help drive better business results from their real estate. It provides advisory, implementation and support around corporate real estate applications, integrated workplace management system (IWMS), business intelligence & analytics and IoT.

* IBM TRIRIGA is an IWMS that manages the lifecycle of a facility.** IBM Maximo is an Enterprise Asset Management (EAM) tool used for managing building operations and processes.*** Watson IoT is a fully managed, cloud-hosted service designed to simplify Internet of Things development.

About JLLJLL (JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.

New Business Line Will Seamlessly Deliver Comprehensive Suite of Technology Solutions

CHICAGO, IL--(Marketwired - Jun 7, 2016) - Consistent with its focus on becoming a global leader in Corporate Real Estate (CRE) technology, JLL (NYSE: JLL) has entered into an agreement to acquire BRG, a recognized expert in workplace technology consulting, technology implementation, and space and move management services. The transaction is expected to close next month, subject to customary closing conditions.

JLL is changing the way that CRE technology will be delivered. By providing holistic, end-to-end technology and consulting solutions that support specialist software applications as well as broad Integrated Workplace Management Systems (IWMS), JLL will offer clients greater flexibility and choice, accelerated productivity and improved user experiences. This expanded technology offering, integrated with the industry's best talent and global best practice processes, creates a new level of capability not previously available.

"Solutions to the productivity demands placed on CRE leaders have become increasingly harder to deliver," said Greg O'Brien, JLL CEO, Americas. "Our goal is to arm our clients with better data and new insights to help them make informed, strategic business decisions. Acquiring BRG helps get us there, faster, with experts who have more than 20 years of experience working with Fortune 500 clients."

BRG has built a reputation for helping companies successfully implement new technology systems, optimize underperforming existing technology platforms and understand how to better integrate tools to deliver workplace strategies. BRG:

Implements and integrates off-the-shelf IWMS technologies with an emphasis on functional alignment, user adoption and rapid time-to-value. It is one of the most successful IWMS integrators and has dedicated practices and expert certification in ARCHIBUS, Manhattan, CenterStone, IBM TRIRIGA and iOffice software.

Provides program management solutions to execute workplace, space, occupancy, and move, add and change (MAC) projects, as well as asset management functions.

"JLL has always been a leader in using CRE technology to deliver real estate solutions to clients. We are taking that to a whole new level," said John Forrest, JLL Global & Americas CEO, Corporate Solutions. "The BRG and JLL combination allows us to architect and implement the broad range of solutions spanning full-scale IWMS, specialist software applications like Corrigo or combinations of both. Bringing all of that together through RED, our state-of-the-art data and analytics platform, we will offer clients flexibility and choice for wherever they are on their technology journeys."

As a result of the acquisition, JLL will form a new Technology Solutions team that will be led by Traci Doane, currently President and CEO of BRG. This team will offer both stand-alone and integrated solutions with JLL's other core service areas including integrated facility management, project management and capital works, integrated portfolio management and brokerage services. The goal is to drive even better overall productivity outcomes, and employee and customer experience, from clients' corporate real estate portfolios.

"Ultimately, our mutual respect, collaborative cultures and shared, uncompromising focus on making our clients more productive and successful sealed the deal," said Doane. "We believe new and better use of CRE technology is critical to unlocking higher levels of corporate real estate performance. By working together with JLL's global real estate services platform, we can help our clients achieve tomorrow's results... today."

The acquisition of BRG is the latest example of JLL's disciplined acquisition strategy which, since the start of 2015, has seen the company announce or close 39 margin-accretive transactions with a combined value of more than $1.2 billion.

About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About BRG BRG helps clients by designing and implementing integrated solutions to address complex workplace challenges. They specialize in advisory services, technology deployment, and program and project management in support of Facilities Management and Corporate Real Estate organizations. They are leaders in training real estate professionals about technology, including speaking at industry conferences and at CoreNet education programs. BRG is a global company with nearly 500 employees in more than 35 cities and on four continents. For more information, you can visit www.brg.com.